XFN.TO
iShares S&P/TSX Capped Financials Index ETF
XFN seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Capped Financials Index, net of expenses.
Canadian
EQUITY
Passive
MANAGEMENT STYLE
$ 2.2 B
ASSETS UNDER MGMT
61 bp
EXPENSES
Fund Basics
| Inception date | Mar 23, 2001 |
| Regulation | Canadian Mutual Fund Trust (ON) |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROYAL BANK OF CANADA | 21.7 % |
| TORONTO-DOMINION BANK | 15.5 % |
| BANK OF MONTREAL | 9.3 % |
| CAN IMPERIAL BK OF COMMERCE | 9.0 % |
| BROOKFIELD CORP | 8.6 % |
| BANK OF NOVA SCOTIA | 8.3 % |
| MANULIFE FINANCIAL CORP | 5.7 % |
| NATIONAL BANK OF CANADA | 5.1 % |
| SUN LIFE FINANCIAL INC | 3.5 % |
| INTACT FINANCIAL CORP | 3.0 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 1,120 |
| Wgt avg mkt cap (mns) | $116,068 |
| Large cap (>$10bn) | 95.9% |
| Mid cap ($2-10bn) | 1.1% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 101.4% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 101.4 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.3% | 38.3% | 32.0% | 26.3% | 13.4% | 10.8% | 6.8% | 7.9% |
| Dividend Yield | 0.2% | 2.5% | 3.3% | 3.9% | 3.6% | 3.5% | 3.7% | 3.5% |
| Total Returns | 11.5% | 40.8% | 35.3% | 30.2% | 17.0% | 14.3% | 10.5% | 11.3% | Ann. Volatility | 15.1% | 12.0% | 13.1% | 12.9% | 13.5% | 16.5% | 18.7% | 17.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.70 | 47% |
| MSCI EAFE | 0.52 | 42% |
| MSCI Emg Mkts | 0.31 | 26% |
Liquidity Measures
| Avg. volume (000) | 149 |
| ADV traded (mns) | $13 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $84.51 |
| Relative strength (RSI) | 63 |
| MACD/Signal | 1.50/1.48 |
| Bollinger Bands (Upper/Lower) | $88.42/$82.43 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XFN.TO |
Expenses vs. XFN.TO |
ALTAR Score™ vs. XFN.TO |
|---|---|---|---|---|
| HMAX.TO | Hamilton Canadian Financials YIELD MAXIMIZER TM ETF | 87.3% | +4 bp | -0.1% |
| HFN.TO | HAMILTON CHAMPIONS TM Canadian Financials Index ETF | 71.9% | -61 bp | -6.6% |
| BNC.TO | Purpose Canadian Financial Income Fund | 66.0% | +6 bp | -0.4% |
| HBNK.TO | Global X Equal Weight Canadian Banks Index ETF | 64.1% | -36 bp | -0.3% |
| HEB.TO | HAMILTON CHAMPIONS TM Canadian Bank Equal-Weight Index ETF | 64.0% | -36 bp | -0.3% |
| ZEB.TO | BMO Equal Weight Banks Index ETF | 63.8% | -36 bp | -0.2% |
| TBNK.TO | TD Canadian Bank Dividend Index ETF | 63.4% | -36 bp | -0.4% |
| SIXY.TO | Evolve Big Six Canadian Banks UltraYield Index ETF | 63.4% | -1 bp | -0.6% |
| CEW.TO | iShares Equal Weight Banc & Lifeco ETF | 63.0% | -6 bp | -0.1% |
| XCV.TO | iShares Canadian Value Index ETF | 59.5% | -6 bp | -0.5% |
Risk and Returns: XFN.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
6.6%
ALTAR SCORE™
68th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. XFN.TO's ALTAR Score™ is approximately 0.5 standard
deviations above the category average. This places XFN.TO in the 68th percentile
among funds in the category.
Sell-Side Consensus
$89.36
PRICE TARGET
+2.5%
UPSIDE